Clifford Chance has advised Global Infrastructure Partners (GIP) in respect of the acquisition of a 50% stake in the Borkum Riffgrund 2 offshore wind farm project in Germany. The vendor was Danish integrated energy company DONG Energy A/S. The purchase price amounts to approximately EUR 1.170 billion. The transaction is subject to approval by the competition authorities and is expected to be completed later this year.

Unilever – purchaser

NN Investment Partners B.V.; ASR Nederland N.V.; Unilever N.V.

DONG Energy signed an agreement to divest of a 50% stake in the German offshore wind farm Borkum Riffgrund 2 to Global Infrastructure Partners (GIP). The total price amounts to approximately EUR 1,170 m.

DONG Energy is currently constructing the project that will consist of 56 turbines with an aggregate capacity of 450MW in the North Sea. DONG Energy will provide operation and maintenance services and market the power production. The acquisition is subject to approval by the cartel authorities.

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised CECONOMY (currently: METRO AG), Düsseldorf, in connection with its investment in Fnac Darty S.A., Ivry-sur-Seine. The consummation of the transaction is, in particular, subject to regulatory conditions. Upon closing of the transaction, CECONOMY will become the largest shareholder of Fnac Darty.

With sales of approx. €22 bn and about 65,000 employees CECONOMY Group is the largest consumer electronics platform in Europe.

Cerha Hempel Spiegelfeld Hlawati (www.chsh.com) has advised red-stars.com data AG (www.red-stars.com) in connection with its investment in ecosio GmbH (www.ecosio.com). ecosio offers cloud-based EDI services (electronic data interchange) with maximum usability thanks to deep ERP system integration, such as SAP.

Under the terms of a capital increase, red-stars acquired 25% of the shares in ecosio. The transaction included issues relating to corporate and IP law.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Canada Pension Plan Investment Board (‘CPPIB’) on its investment, together with Allianz Capital Partners (‘ACP’), on behalf of the Allianz Group, in the Spanish gas distribution business of Gas Natural Fenosa (‘GNF’). The consortium will invest €1.5bn for a 20 per cent equity stake, with CPPIB and ACP funding €900m and €600m, respectively.
 

National law firm Shoosmiths has advised screenlimit Limited, developers of the screen-time limiting application, on its recent angel investment round.

Screenlimit (www.screenlimit.net/ss) is a downloadable software that allows parents to remotely control the amount of time their children spend on various devices. The application allows parents to instantly block, schedule times of the day when devices are inactive, allow or block specific apps, reward good behaviour and direct message from a smartphone, tablet or webs browser.

Ashurst has advised UBS AG, Australia Branch (UBS) and Credit Suisse (Australia) Limited (CS) as Underwriters of a fully underwritten pro-rata non-renounceable entitlement offer by Webjet Limited (Webjet) to raise A$164 million (Entitlement Offer).

Under the Entitlement Offer, eligible shareholders have been invited to subscribe for one new ordinary share in Webjet for every six existing Webjet shares held on Monday 7 August 2017. The offer price of $10.00 per new share represents a 8.6% discount to the theoretical ex-rights price of $10.94 on 1 August 2017.

Hogan Lovells represented Bradesco BBI, BB Securities, Itaú BBA, JP Morgan, Plural Brazil, Bank of America Merrill Lynch and BTG Pactual as placement agents for Brazil's largest reinsurer IRB - Brasil Resseguros S.A., Brazil’s largest reinsurer, in its 2 billion Brazilian reais (equivalent to US$639 million) initial public offering. Shares sold in the transaction were listed on the São Paulo Stock Exchange.

Herbert Smith Freehills has advised QIC on the sale of its 50 per cent share in the iconic MLC Centre, in Martin Place, Sydney, for A$722.5 million.

The sale was effected via an on-market campaign, with 31 bidders culminating in three fully negotiated bids. Herbert Smith Freehills assisted QIC in developing and implementing the sale strategy - from undertaking comprehensive vendor due diligence to drafting and negotiating the suite of sale documents and completing the transaction.